29.10.2020 22:51:00
|
Canada Energy Regulator recommends Cabinet approve TQM application to operate pipeline in Québec
CALGARY, AB, Oct. 29, 2020 /CNW/ - The Commission of the Canada Energy Regulator (Commission, CER) has conditionally approved an application from Trans-Québec & Maritimes Pipeline (TQM) to purchase 64 kilometres of pipeline and related components in southern Québec. The Commission is recommending that federal Cabinet direct the CER to issue a Certificate of Public Convenience and Necessity to TQM, allowing it to continue operating the pipeline. If the certificate is issued, TQM would also construct a new compressor station and a 20-metre long pipeline to connect the 572-kilometre long TQM system to a planned Énergir delivery station at Saint-Basile-le-Grand, Quebec.
The Commission attached 20 project conditions to its recommended approval of the project. This includes a requirement for a multi-jurisdictional emergency response table top exercise, within 18 months of the project being approved by federal Cabinet.
In its report, the Commission said that it found the project to be in the Canadian public interest and that the facilities would be required for the present and future convenience and necessity.
The Commission evaluated this application through a written hearing process that included evidence from TQM, along with letters of support from Énergir and TQM's parent company TransCanada.
Quick Facts
- This is one of the last applications for an energy facility to be filed under the National Energy Board Act. TQM filed its application on August 23, 2019 and the National Energy Board became the Canada Energy Regulator on August 28, 2019.
- While TQM filed this application under the National Energy Board Act, if it is approved by federal Cabinet, it will be regulated under the Canadian Energy Regulator Act and associated regulations.
- TQM estimates that the project will cost $119 million.
Associated Links
- Trans Québec & Maritimes Pipeline Inc. Reinforcement and Asset Purchase – Project web page
- Commission Letter Decision – [C09218]
The Canada Energy Regulator (CER) works to keep energy moving safely across the country. We review energy development projects and share energy information, all while enforcing some of the strictest safety and environmental standards in the world. To find out how the CER is working for you visit us online or connect on social media
SOURCE Canada Energy Regulator
Wenn Sie mehr über das Thema Aktien erfahren wollen, finden Sie in unserem Ratgeber viele interessante Artikel dazu!
Jetzt informieren!